1317 State St Greenfield, IN 46140-1026

This exceptional investment opportunity presents a 4,500 square foot, Class A, free-standing retail building in Greenfield, Indiana. The property, built in 2019, is situated on approximately one acre of land at 1317 N State St, 46140, and enjoys a prime location adjacent to a Kroger and other national retailers on State Road 9. Currently 100% occupied by Fast Pace Urgent Care, a rapidly expanding healthcare provider with over 260 clinics, the property boasts a 15-year NNN lease with approximately 9.8 years remaining. The lease features a corporate guarantee, providing significant security, and includes 10% rent bumps every five years, along with two ten-year renewal options. The current annual net operating income (NOI) is $192,500, yielding a 6.85% cap rate. This is a true triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, offering a low-maintenance, high-return investment. The asking price is $2,810,218, translating to $624.49 per square foot. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and a desirable location, making it an ideal addition to any investment portfolio. The property is approximately 12 miles from Indianapolis.